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Nonprofiteer
← IRON WORKERS LOCAL UNION NO 25 TRAINING FUND

Form 990 for tax year 2023

Filed by IRON WORKERS LOCAL UNION NO 25 TRAINING FUND.

Totals

Total revenue
$5,221,751
Total expenses
$2,953,535
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,896,265
Investment income
$325,486
Other revenue
$0
Total assets, end of year
$12,353,874
Total liabilities, end of year
$72,046
Net assets or fund balances, end of year
$12,281,828
Program services expenses (Part IX)
$2,461,800
Management and general expenses
$491,735
Fundraising expenses
$0
Program service expenses (Part III)
$2,461,800

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $4,721,216 · related or exempt $4,721,216

  • 2b · Program service revenue: FEES & MISC INCOME

    total $97,575 · related or exempt $97,575

  • 2c · Program service revenue: TUITION & BOOK REVENUE

    total $77,474 · related or exempt $77,474

  • 3 · Investment income

    total $325,486 · excluded $325,486

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $890,610 · program services $696,450 · management and general $194,160

  • 9 · Other employee benefits

    total $661,771 · program services $579,058 · management and general $82,713

  • 10 · Payroll taxes

    total $70,544 · program services $55,691 · management and general $14,853

  • 11b · Fees: legal

    total $11,634 · management and general $11,634

  • 11c · Fees: accounting

    total $20,130 · management and general $20,130

  • 13 · Office expenses

    total $78,981 · program services $30,398 · management and general $48,583

  • 14 · Information technology

    total $36,322 · program services $29,071 · management and general $7,251

  • 16 · Occupancy

    total $169,253 · program services $146,545 · management and general $22,708

  • 17 · Travel

    total $20,168 · program services $19,168 · management and general $1,000

  • 19 · Conferences, conventions and meetings

    total $26,400 · program services $280 · management and general $26,120

  • 22 · Depreciation, depletion and amortization

    total $422,287 · program services $402,715 · management and general $19,572

  • 23 · Insurance

    total $48,601 · program services $40,144 · management and general $8,457

  • 24a · Other expenses: TRAINING SUPPLIES

    total $218,858 · program services $218,858

  • 24b · Other expenses: ORIENTATION AND TRAININ

    total $158,668 · program services $149,538 · management and general $9,130

  • 24c · Other expenses: LODGING

    total $65,755 · program services $65,755

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $29,545 · program services $26,818 · management and general $2,727

  • 24e · All other expenses

    total $24,008 · program services $1,311 · management and general $22,697

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,730,884 · end of year $7,182,093

  • 4 · Accounts receivable

    beginning of year $398,362 · end of year $418,770

  • 8 · Inventories for sale or use

    beginning of year $55,005 · end of year $55,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,990 · end of year $3,339

  • 10a · Land, buildings and equipment: cost or other basis

    $7,067,799

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,373,132

  • 10c · Land, buildings and equipment, net

    beginning of year $3,927,492 · end of year $4,694,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,121 · end of year $72,046

  • 27 · Net assets without donor restrictions

    beginning of year $10,013,612 · end of year $12,281,828

Mission and programs · 2023

Mission

TO DEFRAY TRAINING COSTS, AS PROVIDED FOR IN THE APPRENTICESHIP TRAINING PROGRAM.

Activities or mission (Part I)

TO PROVIDE APPRENTICESHIP TRAINING TO ELIGIBLE EMPLOYEES.

  • THE FUND WAS ESTABLISHED AS A RESULT OF A COLLECTIVE BARGAINING AGREEMENT TO PROVIDE APPRENTICESHIP TRAINING FOR ELIGIBLE EMPLOYEES. AS OF 4/30/24 THERE WERE APROX. 326 EMPLOYEES IN THE PROGRAM.

    Expenses $2,461,800 · Revenue $4,896,265

As filed on the 2023 return.

Listed in Part VII

  • Matthew Rajda

    TRAINING COORDINATOR

    Total calculated
    $179,341
    From this org
    $125,941
    From related orgs
    $0
    Other
    $53,400
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,941
    Bonus
    $0
    Other
    $0
    Deferred
    $27,583
    Nontaxable benefits
    $25,817
    Filer's total
    $179,341

  • Joseph Fontaine

    TRAINING INSTRUCTOR

    Total calculated
    $140,723
    From this org
    $100,588
    From related orgs
    $0
    Other
    $40,135
    Hours/week
    40

  • Michael Randick

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Richard Sawhill

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Chris Vlk

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Mark Kerney

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Wayne Coffell

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Dennis Aguirre II

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202500739349300135

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